Sega Announces Restructuring Plan
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Sega, who last month ditched the once popular Dreamcast console, announced an aggressive restructuring plan today to get the company as a whole "back in black". Currently on a four-year profit skid, Sega announced earlier this year they would be leaving the console market in favor of game development. Associated Press reports that after cutting its staff nearly 30%, Sega plans to launch 11 titles for the X-Box console when it debuts later this year. It will also roll out titles for Nintendo's GameCube, as well as a new deal to develop games for mobil phones. Should Sega continue to post massive losses, it could spell the end for the once profitable company.